VideoCoin - video infrastructure for the Internet with Blockchain support!
Video content accounts for 80% of Internet traffic and is likely to continue to grow. This amount of data will be increasingly difficult to keep on the servers of existing Internet companies, therefore, decentralized Internet companies on the blockchain, such as VideoCoin, will enter the market.
The VideoCoin network uses Blockchain to completely change the way you create, store, encode and distribute your content.
VideoCoin provides significant innovations and reduced costs for processing, storage and distribution of video content on the Internet, which is an extremely important advantage, since in the end the success of Internet companies determines their profit, which will fall with the advent of projects like VideoCoin, therefore more people and investors will pay attention to new projects that can provide the same full functionality of work as existing companies.
The main components of the VideoCoin Network are the distributed video encoding network, the video storage network, and the content distribution network (CDN), all designed to reduce cost by utilizing decentralized, distributed, redundant computing power on almost any device. The distributed video encoding network splits an encoding task into several subtasks and processes them in parallel. This enables the production of video content consisting of much higher frame rates on commodity hardware. This is especially important for VR video content, which requires a frame rate of 30 FPS as opposed to 1 FPS for standard video content. The video storage network, named Sonata, is a scalable, fault-tolerant, distributed storage system that works closely with a wide variety of data access applications. Sonata splits videos into smaller playable segments and distributes them across the network space, provided by storage miners. It is inspired by modern advancements in distributed storage technology. The geographically distributed network consists of proxy servers and their data centers. Distribution miners act as paid proxy servers for storage miners who store data.
Project Benefits:
- Low cost of computing power. Deploying unused computing resources will reduce costs by 50–80%.
- Reducing the impact of large media conglomerates.
- Security through decentralization.
- Creating a new generation of applications.
An important advantage of the VideoCoin project is that rewards to miners will be paid in fiat currency. Funds that come from customers using the VideoCoin network are then distributed among miners and interested parties based on their contribution for the work done on the network. Miners can run on data center servers, home desktop computers, or even mobile phones, creating a powerful network of computers.
Earnings VideoCoin:
- Earn tokens for storing video. The more storage you allocate, the higher your reward.
- Earn tokens for video delivery. The higher the throughput, the higher your reward.
- Earn tokens by providing processor time (for transcoding). The more calculations, the higher your reward.
- Earn tokens for relaying storage on third-party servers.
VideoCoin already has existing partners, and there are venture funds that invest in this project. This suggests that investors are interested in this project, therefore, the project is much more likely to succeed in the future in comparison with other similar projects.
The VideoCoin project team consists of experienced and ambitious employees who have extensive experience in managing technology and media companies.
In my opinion, the VideoCoin project has good growth and development prospects, especially since some investment funds are already interested in it. I want to say right away that the project should pay attention to the extremely negative result of the Tatatu project, which was in the top ICO projects and, if my memory serves me right, it collected 570 million. The value of this project is that you yourself choose what content to watch, and you are not imposed certain content that is currently in trend.
The project is also of interest to application developers:
- Vlogger - you can track all the movements of your favorite Olympic athlete.
- Power Tube - You can create your own platform, and control the content management strategy.
- Live Planet - Distribution of amazing live video.
- Smart Ads - display on the network of advertising that meets the interests of the viewer.
- Free Cast - freedom of speech in the farthest corners of our planet, where often you can not use the Internet because of the high cost.
- Live in minutes. Use the API to start broadcasting and starting from any RTMP source in minutes.
- Distribution of videos on demand. Simple encoding, transcoding and distribution of video content on demand through the VideoCoin network for your applications and users.
Summing up, we can say that the project has a number of advantages that can ensure its success in the future.
You can start trading VID tokens at https://www.kucoin.com/trade.
Any investments ALWAYS carry risks, so when deciding to do it, ALWAYS rely on your Money Management and the risk you can take!
https://storage.googleapis.com/videocoin-preico/VideoCoin-Whitepaper.pdf
